Transfer pricing method selection favours TNMM where medical-equipment distribution involves substantial post-import value addition and operational ri...
Post-export shipping bill conversion remains available where contemporaneous evidence supports EPCG benefits despite curable procedural omissions and ...
Misdeclaration in customs classification led to denial of exemption and confirmation of differential duty, which was sustained because the importer accepted that the notification benefit was not available. However, once the importer paid the differential duty, interest and the prescribed 15% penalty and informed the department, the proceedings attained finality under section 28(6); no further penalty beyond that limit and no redemption fine could be imposed. The appeal was partly allowed on that basis.
Misdeclaration in customs classification led to denial of exemption and confirmation of differential duty, which was sustained because the importer accepted that the notification benefit was not available. However, once the importer paid the differential duty, interest and the prescribed 15% penalty and informed the department, the proceedings attained finality under section 28(6); no further penalty beyond that limit and no redemption fine could be imposed. The appeal was partly allowed on that basis.
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